Birkenstock: Fiscal Q2 Earnings Snapshot
The sandal maker said revenue and adjusted earnings both missed estimates as pre-market shares fell 6.3% after the report.
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4 Articles
Birkenstock misses Q2 sales estimates amid weak demand for premium footwear
Dubai: Birkenstock reported second-quarter sales below Wall Street expectations on Wednesday, citing uneven demand for its premium sandals and clogs amid a more cautious consumer environment.The company posted quarterly revenue of 618.3 million euros ($723.53 million), missing analysts’ estimates of 620.07 million euros, according to data compiled by LSEG.The shortfall reflects softer consumer spending patterns, particularly for higher-end footw…
Birkenstock: Fiscal Q2 Earnings Snapshot
LONDON (AP) — LONDON (AP) — Birkenstock Holding PLC (BIRK) on Wednesday reported fiscal second-quarter net income of $95.8 million. On a per-share basis, the London-based company said it had profit of 52 cents. Earnings, adjusted for one-time gains and costs, came to 59 cents per share. The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. …
Birkenstock flags Middle East impact, misses results estimates
By Savyata Mishra May 13 (Reuters) – Birkenstock missed Wall Street estimates for second-quarter sales and profit on Wednesday due to uneven demand for its premium sandals and clogs and as the Middle East conflict delayed some shipments to the region. Shares of the German sandal maker were down 6.5% in premarket trading in New York as it also flagged a 6 million euros ($7.02 million) hit to its Europe, Middle East and Africa (EMEA) segment due t…
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